PURCHASE AGREEMENT
Exhibit 99.(l)(3)
Credit Suisse Opportunity Funds (the “Trust”), a statutory trust organized under the laws of the State of Delaware, with respect to the Credit Suisse Volaris US Strategies Fund (the “Fund”), and Merchant Holding, Inc. hereby agree as follows:
1. The Trust offers Merchant Holding, Inc. and Merchant Holding, Inc. hereby purchases three shares of beneficial interest in the Fund, which for the Fund shall consist of one Class A Share, one Class C Share and one Class I Share, having a par value $.001 per share, at a price of $10.00 per share (the “Initial Shares”), the Fund agreeing to waive the initial sales charge and any contingent deferred sales charge on such purchases. Merchant Holding, Inc. hereby acknowledges receipt of the certificates representing the Initial Shares, and the Trust hereby acknowledges receipt from Merchant Holding, Inc. of $30.00 in full payment for the Initial Shares.
2. Merchant Holding, Inc. represents and warrants to the Trust that the Initial Shares are being acquired for investment purposes and not for the purpose of distribution.
3. The Trust and Merchant Holding, Inc. agree that the obligations of the Trust under this Agreement will not be binding upon any of the Trustees, shareholders, nominees, officers, employees or agents, whether past, present or future, of the Trust, individually, but are binding only upon the assets and property of the Trust, as provided in the Declaration of Trust. The execution and delivery of this Agreement have been authorized by the Trustees of the Trust, and signed by an authorized officer of the Trust, acting as such, and neither the authorization by the Trustees nor the execution and delivery by the officer will be deemed to have been made by any of them individually or to impose any liability on any of them personally, but will bind only the trust property of the Trust as provided in the Declaration of Trust. No series of the Trust, including the Fund, will be liable for any claims against any other series.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the 28th day of March, 2014.
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By: |
/s/Xxxxx Xxxxx |
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Name: Xxxxx Xxxxx |
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Title: Vice President and Secretary |
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ATTEST: |
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/s/Xxxxx XxxXxxxxxx |
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MERCHANT HOLDING, INC. | |
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By: |
/s/Xxxxxxx Xxxxxx |
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Name: Xxxxxxx Xxxxxx |
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Title: Managing Director |
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ATTEST: |
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/s/Xxxxx XxxXxxxxxx |
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